Bitcoin and Crypto Assets To Trigger Largest Redistribution of Wealth in History: Macro Guru Raoul Pal

Real Vision founder and macro analyst Raoul Pal says a historic transfer of wealth is coming as money flows out of legacy finance into Bitcoin and crypto assets. 

In a new interview with podcast host Natalie Brunell, the macro guru offers his perspective on the future of finance and says that crypto will lay the foundation for a new digital economy. 

“What is happening is a parallel financial system – and even more than a financial system, it’s the new digital architecture of the world – is being built. There’s a new promised land and people are migrating across at unbelievable speed.

All my old clients and friends from the macro-world are now living in this new world. Virtually none of them are left in macro because the returns are so big. The opportunities – the ability to be optimistic and not pessimistic, while keeping one eye on the kind of burning city of the old, which is the old financial system, but going to this new beautiful world – it’s the discovering of the Americas all over again. 

And it sounds hyperbolic but it’s not. I think it’s gonna be the largest redistribution of wealth in all recorded history in the shortest period of time.”

Pal believes there is abundant investment opportunity within crypto, saying that the digital asset class has no limits in terms of potential.

“We’ve now got the central banks that, any time there’s downside, will print more money, and we know what that does to asset prices. So we’ve turned the whole skew of the opportunity to buying calls and not buying put. 

The exponential age means that the upside is unlimited, and that is what is so interesting about this period of time.”

Pal says the crypto markets may continue to trend sideways in the short term, with a renewed rally still to come this year. Pal, who is a well-known Bitcoin and Ethereum bull, says he’s now branching out into a group or lower-cap crypto projects.

“I think most narratives are so far behind what is really going on… My view, as I’ve stated many times, is that social/community tokens are going to be one of the biggest changes to global business models in history. No, I’m not going to give tips on what to buy.”

l

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Featured Image: Shutterstock/gonin

The post Bitcoin and Crypto Assets To Trigger Largest Redistribution of Wealth in History: Macro Guru Raoul Pal appeared first on The Daily Hodl.